One of the challenges facing the Shariah Finance industry is a shortage of qualified Shariah scholars to serve as “advisers” to Shariah-compliant financial institutions. Not only is their a shortage of Shariah scholars, but many of the existing Shariah scholars are very old. Sheikh Youssef al-Qaradawi and Mufti Taqi Usmani are examples of the old […]
Yesterday we reported that a bonyad charitable foundation in Iran had increased its bounty on author Salman Rushdie’s head by $500,000 from $2.8 million to $3.3 million. Today comes the news that the Ayatollah that heads that charity has tied the fatwa on Rushdie to the latest episode in the Islamic world involving a film […]
A regime-affiliated religious foundation in Iran has boosted $500,000 the bounty it had offered for the killing of British author Salman Rushdie to $3.3 million from $2.8 million, after protests around the world over alleged insults to the prophet Muhammad, who is considered holy in the Islamic world. The 15 Khordad Foundation reportedly will pay […]
Another Apologist Attempts to Rewrite History for Cat Stevens
Most of SFW’s readers probably know who Cat Stevens is. He was a folk singer who converted to Islam in the late 1970s and changed his name to Yusuf Islam. At the time of his conversion, he swore off his music and devoted himself to his new-found faith. A few years later he found himself […]
Some REALLY Bad Ideas on How to Solve America’s Debt Problems
Not surprisingly, the financial jihadists are promoting Shariah as the solution to America’s debt problems. We’ve seen this before. Back in 2008, in the wake of the subprime mortgage debacle and near-financial meltdown, the financial jihadists insisted that Shariah-compliant finance would have avoided the whole mess. Then, in 2009, defaulting on sukuk (Islamic bonds) just […]
In a development that illustrates the immense power wielded by Shariah scholars in the Islamic world, Muslim Brotherhood Sheikh Yusuf al-Qaradawi has issued a fatwa permitting Egyptians to skip going on hajj for a second time to use the money saved to donate to a special fund to help the Egyptian government’s fiscal woes. Qaradawi […]
Spanish-based Allfunds bank has signed on to the financial jihad with their announcement that it has launched an “Islamic Services Unit.” The bank offers 80 Shariah-compliant funds to investors in Spain, Italy, Chile, Luxembourg, the United Kingdom and 17 other countries. Allfunds’ Islamic Services Unit was created with a fatwa issued by a Shariah advisory […]
QInvest and Fortis Bank Nederland to create first Shariah Compliant “Mezzanine” Shipping Fund.
The Netherlands has now joined the Shariah nightmare as one of that country’s biggest banks, Fortis, is teaming up with QInvest of Qatar to launch a fund to target financing opportunities in the marine transportation industry. This actually gives SFW the opportunity to comment on the wider implications of Shariah Compliant Finance and some of […]
Egyptian Muslim leaders are caught in a storm of controversy after a human rights group confronted them about a fatwa (Islamic edict) that stated the building of a church is “a sin against God.” Grand Mufti Ali Gomaa, the highest official of religious law in Egypt, and the justice minister have issued an investigation of […]
Moves to plug the gap in Islamic finance carry risks
The Financial Times has published an article detailing some of the risks involved in Shariah-Compliant Finance. For instance, a new term has been developed for the financial world: “Shariah risk.” Shariah risk is the risk that a product that was previously believed to be shariah-compliant could be declared “un-Islamic” by a prominent shariah scholar. Basically, […]
FINALLY…a critical article about Shariah-Compliant Finance…
…actually, it isn’t THAT great, but it’s better than most of the fluff pieces being produced on the subject these days. Foreign Policy has published a piece entitled Faith in the Market. They at least attempt a balanced view of Shariah-Compliant Finance, though they miss the most important points (which we will attempt to clear up here […]
Muhammad novel publisher undeterred by firebomb attack Martin Rynja expected to publish the Jewel of Medina in October despite attack on his home Alison Flood guardian.co.uk, Monday September 29 2008 16:44 BST Article history Detail from the cover of The Jewel of Medina, due to be published by Gibson Square in October The publisher whose […]
hat tip-Rachel Ehrenfeld-Funding Evil Thursday, September 25, 2008 First report Part of Monday was spent at a conference organized jointly by (deep breath) the Center for Security Policy with the New Criterion, Hudson Institute, City Journal – Manhattan Institute and our own Centre for Social Cohesion. With such illustrious sponsors there were illustrious speakers, including […]
Man with 86 wives:Fatwa pronounced on him unconstitutional — Lawyers Written by ISE OLUWA IGE Sunday, 21 September 2008 Ask AGF Andoakaa, Niger governor toe speak up FEW days ago, the highest Islamic body in Northern Nigeria, Jama’tu Nasril Islam (JNI) pronounced a Fatwa on one of its own, Alhaji Bello Abubakar Masaba, […]
Religious leaders condemned for fatwas declared against journalists Reporters Without Borders today voiced its deep concern about an upsurge in fatwas (religious decrees) calling for the murder of journalists in the Arab and Muslim world. In the latest case, a high-ranking Saudi official, Sheikh Saleh al-Luhidan, president of the superior council of jurisprudence, issued […]
hat tip-OSINT http://www.al-islam.org/taqiyah/taqiyyah_files/image010.jpg This article by Dr. Walid, a top scholar at the Islamic University, exposes our so-called secular Indian Muslims. By the doctrine of Al-Taqiyah, Muslims dominate crime syndicates, increase population by massive Bangladeshi infiltration and make temporary alliances with Dalits, Christians, etc. In the early years of the Islamic conquest of the Arabian […]
Egypt fatwa orders oil money for the poor Jun 15, 2008 Hat tip-LGF http://afp.google.com/article/ALeqM5hGA5BJbejVBtkvH7W1vqxUe7cGEQ CAIRO (AFP) — An Islamic ruling that Egypt should give some of its oil and gas wealth to the people has ratcheted up the pressure on the government, already faced with rising popular discontent over food prices. The Islamic […]
http://tinyurl.com/4lyugs http://www.businesswire.com/multimedia/home/20080602005405/en/1631015 this is a link to the video of the threat California Based International Antioch Ministries Receives Death Threats from Iran SUNNYVALE, Calif.–(BUSINESS WIRE)–According to International Antioch Ministries (IAM), callers from Iran are threatening their workers with disfigurement, injury and death. Farzaneh, an IAM telephone counselor taking phone calls from Iran during IAM’s daily […]
Iran to crack down on “indecent” Western-style groups Tue May 13, 2008 5:54am IST http://in.reuters.com/articlePrint?articleId=INIndia-33545320080513 Lynsey Addario for The New York Times An anti-American painting in Tehran. Iran’s leader is forging an anti-Western national identity while reaffirming Iran’s role in the Muslim world. TEHRAN (Reuters) – Iranian police will launch a crackdown this week on […]
Boycott of Danish products spreads in Saudi Arabia Saudi Gazette – 11 May, 2008 www.gulfinthemedia.com/index.php?id=401213&news_type=Top&lang=en The campaign to boycott Danish products took a remarkable turn on Saturday when some leading healthcare providers in Saudi Arabia and other GCC countries decided to avoid the use of prescription drugs imported from Denmark. These healthcare providers said […]
Fatwa on the Impermissibility of the HSBC and other “Halal” Mortgages by Shaykh Haitham al-Haddâd http://www.hulchul.net/HC/index.php?showtopic=176866 The ruling on the permissibility of financing properties using Islamic ijara mortgages as currently implemented by HSBC and other banks Many people have enquired about the permissibility under Sharee’ah of the so-called Islamic ijara mortgages recently […]
Darul’s fatwa against eye donation – Express news service Posted online: Sunday , April 27, 2008 at 12:03:09 Updated: Sunday , April 27, 2008 at 12:03:09 http://www.expressindia.com/latest-news/Daruls-fatwa-against-eye-donation/302061/ Agra, April 26 A fatwa issued by Darul Uloom of Deoband has prohibited Muslims from donating their eyes or getting an eye transplant.In a reply to […]
Muslims must avoid eating beef if there is gohttp://economictimes.indiatimes.com/articleshow/msid-2987585,prtpage-1.cmsvernment ban: Darul-Uloom 27 Apr, 2008, 1351 hrs IST, AGENCIES LUCKNOW/NEW DELHI: The Islamic seminary Darul-Uloom, Deoband has issued an edict calling Muslims to refrain from cow slaughtering and beef eating if it is “prohibited under law.” “Muslims must refrain from cow slaughter, beef eating or […]
The demise of Turkey’s pork butchers http://news.bbc.co.uk/2/hi/programmes/from_our_own_correspondent/7368020.stm hat tip-Always on Watch! The role of Islam in Turkish society is a subject of continual debate. Secularists are protesting against what they see as the government’s increasingly Islamic agenda, and as Sarah Rainsford found out, the latest battleground could be across the butcher’s counter. Current legislation […]
The Associated Press Published: April 25, 2008 KUALA LUMPUR, Malaysia http://www.iht. com/articles/ ap/2008/04/ 25/asia/AS- GEN-Malaysia- Allah-Ba\ n.php## : hat tip-OSINT A Roman Catholic newspaper went to court Friday to challenge the Malaysian government’s ban on its use of the word “Allah” as a translation for God. Authorities in this Muslim-majority nation ordered The Herald […]
<http://www.adnkrono s.com/AKI/ Assets/Imgs/ Personaggi/ W-Z/willders- -200×150. j pg> Islam: Al-Qaeda-linked sites post photo of Dutch MP behind anti-Koran film Dubai, 28 March (AKI) – A photo of Dutch right-wing politician Geert Wilders has been posted on several Islamist websites linked to al-Qaeda, after his anti-Koran film was released on a video-sharing website on Thursday. Wilders’ […]
Hat Tip-OSINT Important Notice ! Another Blasphemous Cartoon Film to be released on 20th April _____Eshan Jami-Filmaker From: junaid iftikhar [mailto:email4junaid@ yahoo.com](emails and groups of the pro Jihadi Movements) Sent: Sunday, March 30, 2008 9:51 AM To: a_gazdar@yahoo. com; abdul_rahmanbaloch@ hotmail.com; abdul.fattah@ amzsec.com; abdulrasheed75@ yahoo.com; abubakrsaud@ gmail.com; abufalahi@hotmail. com; abuintizam@hotmail. com; abukhola100@ hotmail.com; ahameed234@hotmail. com; […]
Thursday 27 March 2008 (19 Rabi` al-Awwal 1429) Of Fatwas and Infidels Abeer Mishkhas, [email protected] — The Shoura Council last week defeated a proposal to adopt a law promoting respect for other religions and religious symbols. The proposal that would have had the blessings of the Arab League was opposed by 77 members and […]
Top Saudi cleric calls for writers’ deaths Sat Mar 15, 2008 10:31am EDT http://www.reuters.com/article/latestCrisis/idUSL15492468 RIYADH, March 15 (Reuters) – Saudi Arabia’s most revered cleric said in a rare fatwa this week that two writers should be tried for apostasy for their “heretical articles” and put to death if they do not repent. Sheikh Abdul-Rahman al-Barrak […]
Fataawa on Voting in Islam Shaykh Muhammad Nasir-ud-Din Al-Albani on voting in electionsSilsilatul Hudaa wan-Noor (Series of Guidance and Light), tape #284 starting at approx 54 mins. and continuing on tape #285 Questioner: Some students of knowledge issued a verdict permitting voting for the best of the available Christian candidates based on the premise that […]
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